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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />August 17, 2010 <br />:i <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Mr. Paul Ducommun Mike King <br />./ Executive Director <br />_Ducommun Business Trutt <br />P.O. Box 461 Loretta E. Pineda <br />Monument, CO 80132 Director <br />r <br />Re: Alma Placer, Permit No. M-1985-029, Succession of Operator SO-3, Outstanding Financial <br />Warranty --- <br />Dear Mr. Ducommun: <br />On 21 December 2009, the Division of Reclamation, Mining and Safety (Division) approved the <br />Succession of Operator (SO-3) from Ducommun Business Trust to Alma Placer Company, LLC for the <br />Alma Placer mine, contingent upon receipt of any additional required financial warranty. <br />Following a site inspection conducted by the Division on 18 December 2009, the required financial <br />warranty for the Alma Placer Mine permit was adjusted to $180,974. The Division currently holds a <br />financial warranty in the amount of $117,386 for the site. Until SO-3 is finalized, Ducommun Business <br />Trust is still the permit holder and is responsible for the financial warranty. Therefore, within 60 days <br />of the date of this letter, additional financial warranty must be provided to bring the total financial <br />warranty held by the Division up to $180,974 before SO-3 can be designated as final. If the <br />additional financial warranty is not provided by the 60-day deadline (18 October 2010), a notice of <br />possible violation will be issued. <br />You may contact me with questions at (303) 866-3567 x 8108. Questions pertaining to the financial <br />warranty should be directed to Elizabeth Merry at (303) 866-3567 x8148. <br />Sincerely, <br />ca), 4 ?-, <br />David Bird <br />Reclamation Specialist <br />cc: Ben Miller - Alma Placer Company <br />Greg Lewicki - Greg Lewicki and Associates <br />Tony Waldron, DRMS <br />Elizabeth Merry, DRMS <br />Office of ' Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines